$ALI

Aluminum bottomed in April 2025 at approximately $2,293.4/ton. Since then, price action has remained constructive, printing a clear series of higher highs (HHs) and higher lows (HLs) while consistently respecting the ascending diagonal trendline.

The market is now approaching a key resistance level around $3,006.9/ton, where a reaction is likely, especially as price is also trading near the Value Area High (VAH).

For context, aluminum’s all-time high was recorded in 2022 at $4,070.8/ton, leaving room for further upside should the current structure hold after any near-term consolidation or pullback.

#NFA